Banking Sector Frauds Mainly Perpetrated By Insiders – EFCC

The Economic and Financial Crimes Commission (EFCC), has revealed that most fraudulent acts committed in the banking sector were being aided by insiders information, Communication Technology employees. reports

This was made known by the Head of Cybercrime Section, EFCC, Abbah Sambo, while speaking at national seminar on Banking and Allied Matters for Judges on Wednesday, in Abuja.

Sambo, who represented the EFCC Chairman, Abdulrasheed Bawa, stated that most banking sector frauds handled by the anti-graft commission, showed that bank employees aided the act.

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He expressed worry over the increasing rate of Cybercrime in Nigeria, despite the EFCC efforts to curb the menace.

Sambo observed that in the past years, people involved in Cybercrime aren’t Tech savvy, but today, it is the ICT experts and graduates that are championing the Internet crime scene.

He further attributed the cause of the rise in Cybercrime to be peer group influence and moral decadence in the society.


About Amadu Victor Oluwadamilare 565 Articles
Amadu Victor Oluwadamilare is the CEO/Founder of Ayoki News Media, an international informative media platform, aimed at dispensing good and reliable source of information.

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